Filing Flows › Cumulus Media (CMLS) › Q2 2025
Cumulus Media (CMLS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Cumulus Media (CMLS) reported revenue of $186M for the second quarter 2025 (Q2 2025), -9% from a year earlier and -0.7% from the quarter before. Operating margin was 2.0%, net loss $12.8M (6.9% of revenue).
Cumulus Media, Q2 2025: revenue $186M (-9% year over year), operating margin 2.0%, net loss $12.8M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | -0.7% | -9% |
| Operating profit | $3.7M | — | — |
| Net earnings | −$12.8M | — | — |
| Operating cash flow | −$3.7M | — | — |
What changed
Revenue was $186.0M in Q2 2025, down 9% year over year and down 1% from the previous quarter. Spot was the largest line at 49% of revenue. Spot lost $10.7M year over year (down 10%), 57% of the total change.
Operating profit was $3.7M, a 2.0% margin (up 6.7 points year over year). Total costs fell 15% while revenue fell 9%. The quarter ended with a net loss of $12.8M, narrower than the previous quarter's $32.4M loss. Net interest and other expense of $16.1M was the main reason.
Operating cash flow was −$3.7M. Non-cash charges added back $14.0M of depreciation and amortization and $574K of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Cumulus Media's revenue in the second quarter 2025?
Cumulus Media (CMLS) reported revenue of $186M for the second quarter 2025 (Q2 2025), -9% from a year earlier and -0.7% from the quarter before.
Was Cumulus Media profitable in the second quarter 2025?
Operating profit was $3.7M (2.0% of revenue) and net loss $12.8M.
Source: Cumulus Media 10-Q on SEC EDGAR.